A MEMBER of the Zobel family’s next generation will take on a larger role in Ayala Group’s property operations at Ayala Land, Inc. (ALI) effective April 15.
Jaime Z. Urquijo, Ayala Corp.’s chief sustainability and risk officer, has been seconded to Ayala Land to serve as head of urban estates.
“In this role, Mr. Urquijo will lead the continued development of Ayala’s Metro Manila estates as it strengthens its efforts to build sustainable and distinctive urban communities,” the company said in a regulatory filing on Tuesday.
The group also named Paolo Maximo F. Borromeo as chief social infrastructure officer. He will hold the position alongside his current role as president and chief executive officer of Ayala Healthcare Holdings, Inc.
Mr. Borromeo will oversee Ayala’s social infrastructure businesses, which include healthcare, education, community development, and livelihood programs. He will also manage the company’s sustainability, state affairs, and external communications units.
At the local bourse on Tuesday, shares in Ayala Corp. were unchanged at P490 apiece, while Ayala Land shares climbed 3.19% to P17.46 each. — Alexandria Grace C. Magno
